ARRI is to sell its global rental activities in Europe, the United Kingdom, and North America to the operation’s management.
The management buy-out is led by ARRI Rental’s existing UK-based leadership team of Dana Harrison, Russell Allen and Tamim Essaji, in partnership with H2 Equity Partners.
Dana Harrison will be CEO of the global rental business. “For myself and the team, this is far more than a change of ownership; it’s a commitment. We know the business, our customers, and our craft, and through this management buy-out we’re taking ownership of its future.”
The new standalone rental group will transition to its own brand after a customary transition period.
Thomas Riedel, owner of ARRI as well as founder and owner of Riedel Communications and the Riedel Group said: “This transaction is a milestone in ARRI’s strategic transformation and future positioning, It enables us to direct our investments even more specifically toward the further development of our technologies and new growth areas. At the same time, it allows the rental business to continue to develop independently and to unlock additional market potential.”
The two companies will continue to work closely together after the transaction. ARRI will remain a technology partner to all rental companies. At the same time, close exchange with users and product specialists will continue, ensuring that valuable customer feedback can continue to inform the development of new technologies.
H2 Equity Partners brings extensive experience in developing mid-sized companies as well as in carve-out and management buy-out situations. As an investor, H2 aims to pursue a long-term, entrepreneurial ownership approach and to works closely with management teams to enable sustainable growth.
Dana Harrison and Andy Shipsides will continue their leadership responsibilities in the respective regions.
Patrick Kalverboer, Managing Partner of H2 Equity Partners, said, “ARRI Rental has a strong market position, excellent customer relationships and a highly qualified team. The transaction is an excellent fit with our investment strategy. Together with the existing management team, we intend to continue the
company’s successful development and unlock additional growth opportunities. At the same time, we look forward to continuing our close collaboration with ARRI as a leading technology partner to the industry.”
The closing of the transaction is expected following the fulfillment of the contractually agreed closing conditions. The parties have agreed not to disclose financial details.
Illumination Dynamics will remain part of ARRI and is not included in the transaction.
Pippa Considine
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